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1800 West Loop South, Suite 1400 • Houston, TX 77027 • 1.800.PRECASH • www.precash.com Company Background Headquartered in Houston, PreCash, Inc. was founded in 1998 with the vision of providing mainstream financial options to consumers who are not served by traditional credit and debit card models. PreCash® provides a convenient, real-time payment system that converts cash into electronic payments at more than 35,000 retail locations nationwide. PreCash provides benefits to cash-paying customers and also offers retailers and service providers an effective way to attract and keep customers in the growing cash-based consumer market. Products PreCash develops systems that allow a consumer to turn their cash into an electronic payment to a service provider or stored value account at a third-party retail outlet. Whether the transaction is for prepaid cell phone refills, paying bills or prepaid Visa and MasterCard cards, the PreCash real-time posting feature allows consumers to have immediate access to funds or the knowledge that their payment will be applied quickly and seamlessly. As a single-source solution, PreCash offers retailers a simplified user interface and integrated settlement, reconciliation and reporting. With an accuracy rate of 99.8% on all transactions, PreCash is the industry’s most reliable option for electronic payment transactions. Bill Pay The PreCash Bill Pay Service allows customers to make payments at retail location for regularly recurring bills from PreCash-partnered Service Providers. Transactions are posted in real-time, with funds available within 10 minutes to four hours. The customer hands a personalized PreCash card, along with any amount of payment, to a PreCash retailer, who uses a patented process to swipe the card at a terminal and apply the payment transaction to the consumer’s account within seconds. The reusable PreCash card functions as an identification tool that enables fast, accurate payments to the account identified in the card’s magnetic strip. PreCash has no set payment amounts and allows consumers to choose the amount and frequency of payments. Prepaid Refills Merchants enabled to perform Prepaid Refills on the PreCash network issue electronic refills to customers seeking a fast, convenient way to add minutes to their prepaid wireless phone plans. Easy and reliable, PreCash offers consumers multiple national and regional carriers from which to choose, including Boost, Verizon, T-Mobile, Virgin Mobile, TracFone and ALLTEL. 1 Vision Prepaid Cards The Vision line of prepaid cards enable customers to turn their cash into the power of a genuine Visa or MasterCard card and receive the same convenience, security and costsaving benefits as consumers who have traditional credit or debit cards. The cards can be reloaded at all participating PreCash retailers and then used anywhere Debit Visa® or Debit MasterCard® is accepted worldwide, including at over 900,000 ATMs. As of July 2006, PreCash and its retailers only sell the Vision PremierSM Prepaid Visa® card, but they still support and reload Vision MasterCard cards. The Vision Premier Prepaid Visa is a real Visa card that can be purchased in a retail location and used immediately after the initial load, with no waiting period. A permanent, embossed Vision Premier Prepaid Visa card arrives in the mail 7-10 days after purchase and identity validation, and funds are immediately rolled over, with no action needed to be taken by the cardholder. The cards are issued by BankFirst. Deposits Retailers often need the ability to take deposits from customers before they can sell those customers phones and initiate wireless service. PreCash allows retailers to fulfill the deposit function for customers who do not have an established credit history or who lack ties to a bank or credit card. This not only allows consumers to obtain wireless service, but also helps retailers boost profits through the sale of phones to customers who may otherwise not be able to purchase them. PreCash key differentiators…. General Simplified retailer interface. Transactions can be easily processed through the PreCash virtual point of sale interface, PreCash WebConnect, or on the PreCash Express Dial Terminal or retailer’s existing POS device Single source solution. PreCash offers the retailer a simplified user interface and integrated settlement, reconciliation, and reporting. Guaranteed accuracy. The PreCash process is more accurate than other replenishment products on the market, boasting 99.7% accuracy on account postings. Collection of deposits. PreCash facilitates the collection of deposits for the initial activations of subscription-based services. Immediate consumer access. The PreCash network collects funds daily and seamlessly posts customer payments in real time to the service provider. Convenient locations. U.S. customers can refill their prepaid accounts or pay bills with cash at over 35,000 retail stores displaying the PreCash logo. Prepaid Refills No preset amounts. Customers can purchase prepaid services for as much, or as little as their budget allows, as often as they like. 2 No plastic cards. PreCash refills are accomplished entirely electronically, eliminating the need for cumbersome plastic cards. Bill Pay No preset amounts. Customers can purchase prepaid services for as much, or as little as their budget allows, as often as they like. Reusable card. The reusable PreCash card helps service providers and retailers build loyalty, improve revenue and increase in-store traffic. Multiple cards. Multiple cards can be associated with a customer’s service account, allowing others to load value into their account as necessary (for example, as a gift). Vision Prepaid Cards Instant Functionality. The Vision Premier Prepaid Visa is the first REAL Visa card to be sold at a retail outlet. It can be activated and used before the consumer ever leaves the store. Service Providers PreCash provides major service providers with a method of serving the cash-based segment of their market, offering both prepaid and postpaid options to the nation’s top telecommunications and cable providers. Prepaid service providers include:  ALLTEL  Cingular  Boost  TracFone  Verizon  T-Mobile  Virgin Mobile  Additional regional service providers Bill Pay service providers include:  Sprint PCS  Embarq  T-Mobile  DIRECTV  DISH Network  Nextel Retailers PreCash offers retailers the opportunity to build foot traffic and generate new revenue at 35,000 major retail locations across the country. Participating retailers include:  RadioShack  Wal-Mart  Ace Check Cashing 3  Numerous independent retailers Management John Chaney, Chairman and Chief Executive Officer Calvin Williams, Executive Vice President, Sales and Marketing Richard Dietz, Executive Vice President and Chief Financial Officer Matt Callahan, Chief Technology Officer Randy Templeton, Senior Vice President of Marketing Steve Taylor, Senior Vice President of Operations Michael Boston, Vice President of Human Resources In 2005, PreCash was the recipient of the following awards and honors:  Inc. Magazine’s Inc. 500, no. 26  Deloitte Fast 500, no. 18  Deloitte Texas Technology Fast 50, no. 3  Houston Business Journal Fast Tech 50, no. 35  Houston Business Journal Enterprise Champion  Houston Business Journal Houston Small Business 100  John Chaney, Ernst & Young Entrepreneur of the Year Gulf Coast Finalist 4